Having plotted the blue dotted median awhile back as a trend indicator on which the 50 sms was leaning on heavily it would seem that this setup in some sense can be used for trend analysis. Using the Heikin Ashi the trend is red with stronger buy pressure on the daily. Although just slightly, but non the less. We are still ranging within the descending channel within this larger setup and is approaching the end of it. This might just break out to close the cross on the 50/200 which has a bullish bias. If however we have a 7 Sept moment again we will need to shift our attention and step back a bit to look at the larger picture. Enjoy. NFT.
